RE: Receiving an inheritance from AustraliaThank you for your reply. The link you kindly provided refers to inheritance within the UK. I may be wrong but I thought if the inheritance originated in Australia (or any other country), that the tax rules of that country applied?. This is the question I was looking for clarification on. Thank you
Receiving an inheritance from AustraliaI understand receiving an Inheritance over £325,000 attracts a 40% tax - does this same rule apply if Property, Shares & monetary assets are inherited from Australia? Or because the inheritance originates in Australia it is covered by Australian tax rules?